The Pain Is Far From Over
Facebook, Google, Amazon and Twitter all took hits at the stock market today and Microsoft was quick to join them during after market trading.
Perhaps the most hurt by reaction from the market is Twitter. At the end of August the micro-blogging platform released poor quarterly results and Twitter crashed by 25% in response. Now, this additional bad news might force tech giants to modify their behavior whether they’d like to or not.
This market response comes just one day after a controversial meeting where high ranking executives from Facebook and Twitter were grilled on Capitol Hill. Google refused to send an executive and were left out of the conversation as a result.
Lawmakers opened the hearing with two main partisan concerns in mind. Democrat members of the committee focused on the their ever present bogeyman, Russia, and any potential foreign interference.
Their Republican counterparts were more worried about how the American people were being mistreated by tech giants that have been plagued by suspicions of bias and the conservative lawmakers brought hard evidence of unfair treatment.
Of particular concern to Republicans was the “mishandling” of suspensions under CEO Jack Dorsey’s Twitter.
Jeong was not only allowed to continue posting anti-white racist remarks about white people on Twitter, but executives hired by Jack Dorsey verified her.
Rep Markwayne Mullin (R-OK2) made waves just by reading the tweets of anti-white New York Times journalist Sarah Jeong.
Jeong rose to infamy when her bigoted commentary was discovered and peer journalists, the New York Times, and other prominent leftists all supported her speech.
Give it a listen:
Twitter verifies anti-white accounts while banning white conservatives that lightly criticize Islam
Jeong was not only allowed to continue posting anti-white racist remarks on Twitter, but executives hired by Jack Dorsey verified her. Verification on Twitter is seen as a badge of authority and Twitter executives have used their power to strip controversial conservatives of verification.
A perfect example of this bias can be observed in the handling of Milo Yiannopoulos‘ account. The gay British conservative lost his verification after he dared to criticize the lead actress in a Ghostbusters reboot. What Jeong said was far worse than anything that was tweeted out by Milo.
This policy position cannot last and here’s why:
It seems that Twitter has made it a policy to reward anti-white and anti-conservative behavior while stamping out any dissident viewpoints from the conservative coalition with the heaviest of hands and harshest of penalties.
And with the reality that the internet is maturing, social media companies will be forced to recognize the impossible to ignore: they cannot continue to alienate their user-base while relying on the large growth rate of previous years.
Most of mankind has discovered social media. Its no longer a game of attracting new users but one of maintaining their numbers and attracting users on other platforms to join them.
That doesn’t mean that Twitter, Facebook, and other platforms will be put against each other in a kill-or-be-killed scenario. But it does mean that they will have to specialize significantly.
As to whether the consumer is hoping for a platform that specializes in the censorship of conservatives and biased reporting of yesteryear’s media, one need only consider the ratings of cable networks or take a quick gander at Nike’s recent blunder–people are sick of being told what to say and how to think.
So if Twitter continues to make this their modus operandi it’s safe to say that their days are quite numbered.